WHUT (Howard University Television)
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Jan 24, 2013
01/13
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they have agreed to introduce a new tax break for supporting the poor when the consumption tax doubles in 2015. the agreement is part of a tax reform plan for fiscal 2013, which the liberal democratic party and the new kuomot approved on thursday. under the plan lower rates take effect in october 2015 when the consumption tax is set to double to 10%. the two parties have also decided on an income tax hike. under their plan people with annual incomes of more than $450,000 will get a tax rate of 45%. that's up from the current 40%. the new rate set to go into effect in january 2015. >>> all right. that's going to do it for biz tonight. i'm going to hand it back to gene. >>> ron, thank you for that. a japanese citizen considered missing after last week's hostage siege at a natural gas plant in algeria is now confirmed dead. this brings the number of japanese victims to ten. islamist militants attacked the desert facility and kidnapped hundreds of workers. chief cabinet secretary yoshihide suga just confirmed the death of this man who is 66. he was a top executive with the japanese firm jj
they have agreed to introduce a new tax break for supporting the poor when the consumption tax doubles in 2015. the agreement is part of a tax reform plan for fiscal 2013, which the liberal democratic party and the new kuomot approved on thursday. under the plan lower rates take effect in october 2015 when the consumption tax is set to double to 10%. the two parties have also decided on an income tax hike. under their plan people with annual incomes of more than $450,000 will get a tax rate of...
WHUT (Howard University Television)
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Jan 29, 2013
01/13
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to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budget to the diet for approval by the end of next month. >>> let's check on the markets. european stocks are trading slightly lower. investors appear to be taking a wait to see stance before the fed's policy meeting as well as release of u.s. fourth quarter gdp this week. london's ftse 100 right now down by a fraction. frankfurt's dax down by 0.17%. the cac 40 in paris down by 0.3%. earlier in asian trading stocks lacked direction. some investors locked in profits sensing that the markets may be overheating. tokyo nikkei average managed a rebound, up by 0.4%. shanghai rose 4.35% to an eight-month high. the hang seng in hong kong slipped from a 20-month high it touched on monday. let's take a look at currencies. the dollar is moving in a tight range against the yen. dollar/yen right now at 90.44 to 48. many want to see the outcome of the fed meetings and a series of key economic num
to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budget to the diet for approval by the end of next month. >>> let's check on the markets. european stocks are trading slightly lower. investors appear to be taking a wait to see stance before the fed's policy meeting as well as release of u.s. fourth quarter gdp this week. london's ftse 100 right now down by a fraction....
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Jan 25, 2013
01/13
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KCSM
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expect people will rush to make more purchases including things like houses before a plant consumption tax hike in april 2014. the government has concluded that the economy will expand 5 2.5% in real terms and 2.7% in nominal terms. based on the assumption that prices will pick up modestly the government projects nominal growth will exceed real growth for the first time in 16 years. the dollar is gaining further ground against the yen. earlier it hit a high. now it's changing hands to 39 yen. traders have seen rates drop to a five-year low. that's provided a brighter outlook for the american economy. the consumer price index dropped in december for a second month running as well. the euro is trading higher and that's being quoted at 120.77 to 79 against the yen. now to stocks. a weaker yen is prompti ining inverinver investors to buy. let's take a look at other markets in the asia pacific region. the kospi is trading lower by half a percent. in australia the benchmark index is trading higher by .4 of a percent. german chancellor expressed concern. her remarks suggest that japan's efforts c
expect people will rush to make more purchases including things like houses before a plant consumption tax hike in april 2014. the government has concluded that the economy will expand 5 2.5% in real terms and 2.7% in nominal terms. based on the assumption that prices will pick up modestly the government projects nominal growth will exceed real growth for the first time in 16 years. the dollar is gaining further ground against the yen. earlier it hit a high. now it's changing hands to 39 yen....
WHUT (Howard University Television)
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Jan 31, 2013
01/13
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that's because of an expected reduction in the auto purchase tax. the association adds prospects are grim because the replacement cycle for cars is getting longer. >>> now let's check on the markets. european stocks are trading lower. investors are apparently taking profits as they remain cautious ahead of the key u.s. jobs data due out on friday. looking at london's ftse down by a little more than half a percent. frankfurt's dax down about the same. and the cac40 in paris down almost .80%. asian stock prices meanwhile were largely mixed on thursday. tokyo's nikkei average was up .20%. it managed a gain of three days in a row benefiting from a weaker yen. hong kong shares pulled back from a recent rally as many investors felt the market overheated in the recent days. the bench mark hang seng fell .39% from wednesday's 20-month closing high. south korea's kospi was down and investor sentiment was weakened by u.s. economic data. we'll look at currencies, the dollar is trading tight against the yen. market players are refraining from opening new positi
that's because of an expected reduction in the auto purchase tax. the association adds prospects are grim because the replacement cycle for cars is getting longer. >>> now let's check on the markets. european stocks are trading lower. investors are apparently taking profits as they remain cautious ahead of the key u.s. jobs data due out on friday. looking at london's ftse down by a little more than half a percent. frankfurt's dax down about the same. and the cac40 in paris down almost...
WHUT (Howard University Television)
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Feb 1, 2013
02/13
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but we managed to post a before tax profit and an after tax profit. >> panasonic's net came to $670 million. group sales were down, though, 8% from a year earlier. the company managed to cut costs by slashing jobs and a decline in the prices of rare earths and other raw materials was also a help. now the firm has kept its forecast for this fiscal year. it's expecting to lose more than $8 billion. panasonic officials explained that the business environment could change, though the yen's decline would push up sales. they also note that competition in the digital product market has been intensifying. many japanese manufacturing companies try to regain financial health employment is coming increasingly under pressure. the number of workers in the country has dropped now below 10 million, that's the first time that's happened in more than 50 years. researchers at the internal affairs ministry says the.90 million people were unemployed in manufacturing in december. that's down 350,000 from the same month a year ago. that was the first time since 1961. the figure also marks a 38% decline from the
but we managed to post a before tax profit and an after tax profit. >> panasonic's net came to $670 million. group sales were down, though, 8% from a year earlier. the company managed to cut costs by slashing jobs and a decline in the prices of rare earths and other raw materials was also a help. now the firm has kept its forecast for this fiscal year. it's expecting to lose more than $8 billion. panasonic officials explained that the business environment could change, though the yen's...
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Jan 29, 2013
01/13
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KRCB
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tax revenues will exceed income for new government bonds first time in four years. the abe administration also hopes to improve japan's fiscal standing. the new draft budget reduces reserve funds by about $11 billion. it also puts a cap on debt service costs. a whopping 46% of total revenues still come from bonds reflecting the dire fiscal condition. now let's get a check on the markets. tokyo stocks are moving in a tight range this morning. as investors are keeping an eye on currency moves, the nikkei is trading flat at 10,831. some investors are trading shares to lock in gain. the dollar is slightly losing ground against the yen. the dollar against the yen is changing hands at 90.47 to 50. the euro/yen is also lower. that pair at 121.71 to 74. many market players are on the sidelines waiting for the release of u.s. gdp and jobs data later in the week. the kospi trading higher by .4 of a%. 1,948 and in australia the benchmark index is trading higher 4,873 this tuesday morning. the u.s. agriculture chief has welcomed japan's easing of impact restrictions on its coun
tax revenues will exceed income for new government bonds first time in four years. the abe administration also hopes to improve japan's fiscal standing. the new draft budget reduces reserve funds by about $11 billion. it also puts a cap on debt service costs. a whopping 46% of total revenues still come from bonds reflecting the dire fiscal condition. now let's get a check on the markets. tokyo stocks are moving in a tight range this morning. as investors are keeping an eye on currency moves,...
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Jan 30, 2013
01/13
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KRCB
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they say the increase in the payroll tax has dampened consumer sentiment. u.s. share prices are rising as investors expect an economic recovery. but the focus now is what impact the increased pessimi will have on peonal spending, which accounts for 70% of u.s. gross domestic product. >>> officials at royal philips electronics in the netherlands will sell their audiovisual equipment division to a japanese firm. they want to take a step back from consumer electronics and focus on their medical and health-related business. the philips division makes products like video decks, portable music players, and headphones. japan's funai electric is set to acquire it by the end of this year. officials of the two firms say they made a dl for 150 million euros. that's over $200 million. philips officials have also spun off their television business to a joint venture with a taiwanese firm. now, funai electric plans to maintain the philips brand and expand sales to emerging economies in asia and south america. >>> one of japan's major oil wholesalers will join forces with a ca
they say the increase in the payroll tax has dampened consumer sentiment. u.s. share prices are rising as investors expect an economic recovery. but the focus now is what impact the increased pessimi will have on peonal spending, which accounts for 70% of u.s. gross domestic product. >>> officials at royal philips electronics in the netherlands will sell their audiovisual equipment division to a japanese firm. they want to take a step back from consumer electronics and focus on their...
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Feb 1, 2013
02/13
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KCSMMHZ
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profit and after-tax profit. >> panasonic's net came to $670 million. group sales fell 8% from a year earlier. the company managed to cut costs by slashing jobs. a decline in the price of rare earths and other raw materials was also a help. the firm has kept its forecast for this fiscal year. it expects to lose more than $8 billion. panasonic officials says the business environment could change though the yen's decline would push up sales. competition in the digital product market has been intensifying. >>> sharp said it posted its first profit in five quarters in the final three months of last year. sharp executives say operating profit in the october to december period totalled about $28 million. that came largely from higher than targeted sales of smartphones and crystal television sets. the company set up a goal to start posting profits in the second half of this fiscal year that ended in march this is a condition for the firm to continue to receive support from its main banks. the managing director says the company will make speedy efforts to refor
profit and after-tax profit. >> panasonic's net came to $670 million. group sales fell 8% from a year earlier. the company managed to cut costs by slashing jobs. a decline in the price of rare earths and other raw materials was also a help. the firm has kept its forecast for this fiscal year. it expects to lose more than $8 billion. panasonic officials says the business environment could change though the yen's decline would push up sales. competition in the digital product market has...
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Jan 29, 2013
01/13
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KCSMMHZ
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to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budget to the diet for approval by the end of next month. >> japanese workers may soon have a few more yen in their pockets if union leaders get their way. union and business leaders are discussing a proposed wage hike. to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budget to the diet for approval by the end of next month. >>> oda can put up buildings and improve in technology. they gain better access to the continent's emerging markets and natural resources. but japan's sluggish economy forced its leaders to cut oda. they slashed it to less than half of what it was at its peak in the 1990s. however, they're determined to maintain a presence. so they're coming up with a new strategy. nhk world's reporter explains. >> reporter: for years a japanese government agen
to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budget to the diet for approval by the end of next month. >> japanese workers may soon have a few more yen in their pockets if union leaders get their way. union and business leaders are discussing a proposed wage hike. to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into...
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Jan 28, 2013
01/13
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KCSMMHZ
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officials estimate tax revenues will top $473 billion. that's slightly higher than the $470 billion they expect to bring in through new government bonds. it would be the first time in four years that tax revenue exceeded the amount of new bonds. >>> members of abe's cabinet will approve those draft budgets on tuesday. >>> now let's get a check on japan's markets. nikkei closed sunday at a 1% high. and the dow jones industrial average ending the week with more than a 5% high. with remarks about how the market is reacting, we have ramin mellegard at the tokyo stock exchange. walk us through some of the key events. >> a lot of key events this week. good morning to you, ai. not only will we get a continuation of the earnings in u.s. this week, but also here in japan we'll get a stream of earnings reports starting as well. it's going to be very interesting to see how the weakening of the yen will play into those numbers. let's have a look at the opening levels on this monday, january 28. the nikkei 10,948. it actually hit 11,000 at one point,
officials estimate tax revenues will top $473 billion. that's slightly higher than the $470 billion they expect to bring in through new government bonds. it would be the first time in four years that tax revenue exceeded the amount of new bonds. >>> members of abe's cabinet will approve those draft budgets on tuesday. >>> now let's get a check on japan's markets. nikkei closed sunday at a 1% high. and the dow jones industrial average ending the week with more than a 5% high....